HINT Newsletter

Grant Money for R+D Projects Rises to HUF 111 Billion in 2009-2010

Some HUF 111 billion will be available for R+D projects in 2009-2010 under the New Hungary Development Plan.

Some HUF 111 billion will be available for R+D projects in 2009-2010 under the New Hungary Development Plan, Hungary's framework to finance development funding, up from HUF 86.7 billion in 2007-2008, R+D Minister Karoly Molnar said on February 19.The National Research and Technology Office has accelerated the pace at which it pays out grant money. Grant winners are also eligible for a 40 pct advance, he added.